7884 Spanish Fort BlvdSpanish Fort, AL 36527

  • Office properties
  • 6,174 SF
For Lease
$18.57/SF/YR View listing

Property Details for 7884 Spanish Fort Blvd

Year built
2005
Construction
WOOD
Lot size
0.41 AC
Property size (Sq ft)
6,174 SF
Property type
Office properties
Property subtype
Office buildings
APN
32-09-29-1-003-002
APU
3209291003002

Description

This exceptional two-story, 3,743 square foot office building, constructed in 2005, presents a prime opportunity in Spanish Fort, Alabama. Located on the highly visible Spanish Fort Boulevard (Highway 31), this Class C property offers excellent visibility and accessibility. The entire upper floor, comprising 2,989 square feet, is currently available for lease. This expansive space features a versatile layout including multiple offices of varying sizes, catering to diverse business needs. A fully equipped kitchen adds convenience, while two restrooms and a dedicated conference room enhance functionality and professionalism. The property sits on a 0.412-acre lot and is zoned B-2 Spanish Fort, within Baldwin County. The building consists of one structure with two stories, making it an ideal location for a growing business seeking a prominent presence in a thriving community. The multiple tenancy structure allows for flexibility and potential for expansion. This is a rare opportunity to secure a substantial, well-appointed office space in a highly desirable location. The address is 7884 Spanish Fort Blvd, Spanish Fort, AL 36527.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $836,173
    6.5%
    $771,852
    7%
    $716,720
  • Comparable approach

    Method
    Valuation
    Relative Method
    $417,868
    Geo Method
    $438,910
  • Alternative Use

    Use
    Valuation
    Residential
    $957,097
    Hospitality
    $876,696
    Educational
    $729,401
    Medical
    $754,486
    Retail
    $1,134,623
7884 Spanish Fort Blvd, Spanish Fort, Alabama

Location Insight

City
Spanish Fort
County
Baldwin
State
Alabama
Latitude
30.671
Longitude
-87.8871
CBSA code
19300
CBSA name
DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,142
$21,140
$121,680
$142,820
-
$105,700
$608,400
$714,100

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